Ask Leo : What are the disadvantages of lengthy wait for bear market before investing?
In our bid to accumulate wealth and get more interest from over crypto investment, we've seen several people holds on to their capital for as long as they could, all with a mindset that there'll still be more dip, of which when sure come, then they stand a chance of getting more increase than they would on a normal day.
Of a truth it isn't advisable to invest/buy during the bull market, most especially when the alleged coin is in it highest, investing in such could bring you to a lost, but over waiting for a bear market too could make you miss out on an opportunity to gain assuming more pump happen during your period of procrastination.
No one knows how dip a bear market can go, and neither did anyone knows what time a bull will occur, we are all mostly following pattern and analysis of previous happenings, which we then hope to exploit, but investing when such pattern reoccur.
Well my major stand point for today is that we shouldn't always wait for the deepest dip before we invest, because anything can happen during the period of waiting for more dip, a bull can happen overnight, and then you end up biting your fingers, regretting and wishing you invested earlier, before the bull market accelerate.
I'm sure the same would be the case of does who refuses to hive when it kept revolving around $0.53 few weeks back, most of these people were busy waiting for it to dip more to about $0.3 or $0.4 before invest, and I can imagine how they felt when hive start pumping right before their eyes to as high as $0.9 each.
Surely they'll feel dejected, remorseful and the likes, so in conclusion when planning on investment in a coin, it's essential that'll make adequate research about it, check it's pattern, know what was it highest point and lowest, also try and understand the rate it most likely remain stagnant at before concluding to invest.
Thanks for checking out my post, stay productive.
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